COOKING THE BOOKS
Suspects face extra charge
Seven out of a total of 13 key suspects in the 12-billion-baht Klongchan Credit Union Cooperative (KCUC) embezzlement scandal faced an additional charge of falsifying the cooperative’s annual reports, authorities said on September 10.
According to the Department of Special Investigation, the suspects falsified the reports from 2009 until 2012.
The aim was to mislead KCUC members into thinking the cooperative was profitable when in reality it was plunging deep into the red because billions of baht had been embezzled.